05/07/2024
Can you reclaim your gifts from your ex-spouse?
In a recent Singapore divorce case, a woman inherited $2 million in shares, but here's where things get tricky – by transferring them into joint investment accounts, she unintentionally signaled joint ownership. Fast forward to the settlement, and she had to share those $2 million shares and an additional $3 million worth of Singapore shares. Lesson learned: clarity in financial transactions is crucial.